Techmeme
December 21, 2022, 3:01 AM

Top News

CNBC:
Sam Bankman-Fried agrees voluntarily to be extradited to the US, where he faces criminal and civil charges including conspiracy, fraud, and money laundering  —  - Sam Bankman-Fried is set to fly to the U.S., where he faces multiple criminal charges tied to the collapse of his crypto exchange FTX.
Sara Fischer / Axios:
Joshua Oliver / Financial Times:
Elon Musk / @elonmusk:
Elon Musk says he will resign as CEO after finding someone “foolish enough to take the job”, after which he plans to run the “software and servers teams”  —  I will resign as CEO as soon as I find someone foolish enough to take the job! After that, I will just run the software & servers teams.
Brian Fung / CNN:
SEC deposition: Zuckerberg considered disclosing in 2017 that Facebook was investigating “organizations like Cambridge Analytica”, but advisers suggested not to  —  Mark Zuckerberg considered disclosing in 2017 that Facebook (FB) was investigating “organizations like Cambridge Analytica” …
Wall Street Journal:
Sources: the NFL is in advanced talks to give YouTube exclusive Sunday Ticket rights; a deal could be reached as early as December 21 after an NFL owner meeting  —  DirecTV currently pays for rights to subscription package that allows football fans to watch most Sunday afternoon games
MacKenzie Sigalos / CNBC:
Source: US crypto miner Core Scientific plans to file for Chapter 11 bankruptcy on December 22; Core's market cap is down ~98% from $4.3B in July 2021 to $78M  —  - Core Scientific, one of the largest publicly traded crypto mining companies in the U.S., is filing for bankruptcy.
Lee Fang / The Intercept:
Internal documents: from at least 2017, Twitter helped the Pentagon in its covert online foreign propaganda campaigns including by whitelisting CENTCOM accounts  —  Twitter executives have claimed for years that the company makes concerted efforts to detect and thwart government-backed covert propaganda campaigns on its platform.
Alex Stamos / @alex@cybervillains.com:
Elon Musk amplifies false claims that the FBI “paid Twitter millions” to “censor info from the public”; law enforcement reimburses companies for data requests  —  This claim is false.  Law enforcement has the ability to get stored communications from companies like Twitter under 18 USC 2703(d).
Kyle Wiggers / TechCrunch:
OpenAI open sources Point-E, a machine learning system that generates and displays a 3D object from a text prompt in one to two minutes on an Nvidia V100 GPU  —  The next breakthrough to take the AI world by storm might be 3D model generators.  This week, OpenAI open-sourced Point-E …
James Reddick / The Record:
US prosecutors say two men conspired with Russian hackers to tamper with JFK airport's taxi queuing software, allegedly letting drivers cut the line for a fee  —  Two Queens men have been arrested and are facing up to 10 years in prison on charges that they conspired with Russian hackers …
Micah Lee / The Intercept:
Donie O'Sullivan, Drew Harwell, and other journalists remain locked out of their Twitter accounts despite lifted suspensions, until they delete a specific tweet  —  I've been writing critically about billionaire Elon Musk since he took over Twitter — particularly about his “free speech” …
New York Times:
Mark Zuckerberg testified in US federal court about Meta's acquisition of Within, as the FTC seeks an injunction to stop the deal, in a highly unusual challenge  —  Meta's chief executive made a rare court appearance as the Federal Trade Commission tries to block his company's purchase of the virtual reality start-up Within.
Sara Fischer / Axios:
Insider Intelligence: Google will capture 28.8% of US digital ad revenue in 2022 and Meta will grab 19.6%, for a combined 48.4%, down from a 54.7% peak in 2017  —  Google and Meta, known together in the ad industry as the “duopoly,” are expected to bring in less than half of all U.S. digital advertising …
Marta Belcher / CoinDesk:
Senator Warren's Digital Asset Anti-Money Laundering Act would be a disaster for privacy and civil liberties by effectively surveilling all blockchain users  —  The proposal would turn blockchains into permissioned ledgers surveilled by centralized gatekeepers.
Byron Kaye / Reuters:
A look at the Australian Securities Exchange's blockchain project, abandoned in November 2022, to replace its combined trading, clearing, and settlement system  —  In a Sydney hotel conference room in May, Tim Hogben, the head of securities and payments for ASX Ltd , which runs the Australian stock exchange …
Vibhuti Sharma / DealStreetAsia:
Bengaluru-based BetterPlace, which offers a SaaS for blue-collar workforce management, raised a $40M Series C extension, bringing its total funding to $90M+  —  BetterPlace, a SaaS platform for workforce management, said on Tuesday that it has raised $40 million as part of an extended Series C round …

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Earlier Picks

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